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Forex Technical Analysis Forecast 11.01.2022

EURUSD, Euro vs US DollarHaving completed the descending wave at 1.1285, EURUSD is growing towards 1.1365. Later, the market may start a new decline to reach 1.1330 and then form one more ascending structure with the target at 1.1400.GBPUSD, Great Britain Pound vs US DollarAfter finishing the descending wave at 1.3530, GBPUSD is growing towards 1.3610. After that, the instrument may correct to reach 1.3570 and then start another growth with the target at 1.3628.USDRUB, US Dollar vs Russian RubleUSDRUB has completed the descending wave at 74.88. Possibly, today the pair may grow to reach 76.03 and then resume trading downwards with the shortterm target at 74.10.USDJPY, US Dollar vs Japanese YenAfter completing the descending wave at 115.05, USDJPY is expected to correct and reach 115.60. Later, the market may resume falling with the target at 114.92.USDCHF, US Dollar vs Swiss FrancHaving finished the ascending wave at 0.9274, USDCHF is correcting towards 0.9180. After that, the instrument may resume trading upwards to break 0.9270 and then continue growing with the shortterm target at 0.9365.AUDUSD, Australian Dollar vs US DollarAUDUSD is still consolidating around 0.7188. Possibly, the pair may break this range to the downside and resume falling with the shortterm target at 0.7080. Later, the market may form one more ascending structure towards 0.7188 and then start another decline to reach 0.6900.BRENTBrent has completed the descending structure at 80.60 and may later…

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